Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) Reaches New 12-Month High – Time to Buy?

Invesco RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $52.51 and last traded at $52.45, with a volume of 84110 shares traded. The stock had previously closed at $51.08.

Invesco RAFI US 1500 Small-Mid ETF Stock Up 2.7%

The company has a 50-day moving average price of $50.04 and a two-hundred day moving average price of $48.27. The stock has a market capitalization of $2.98 billion, a P/E ratio of 18.02 and a beta of 1.07.

Invesco RAFI US 1500 Small-Mid ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.1017 per share. This represents a $0.41 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, March 23rd.

Institutional Trading of Invesco RAFI US 1500 Small-Mid ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE raised its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 14.9% during the 1st quarter. Bank of America Corp DE now owns 2,858,934 shares of the company’s stock valued at $131,139,000 after buying an additional 370,099 shares in the last quarter. LPL Financial LLC increased its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 9.4% during the 4th quarter. LPL Financial LLC now owns 1,332,004 shares of the company’s stock valued at $61,126,000 after purchasing an additional 114,759 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 1.3% during the 2nd quarter. Raymond James Financial Inc. now owns 1,034,412 shares of the company’s stock valued at $42,070,000 after purchasing an additional 13,062 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Invesco RAFI US 1500 Small-Mid ETF by 3.6% during the 1st quarter. Cetera Investment Advisers now owns 1,031,218 shares of the company’s stock valued at $47,302,000 after purchasing an additional 35,362 shares during the last quarter. Finally, Arbor Investment Advisors LLC boosted its stake in shares of Invesco RAFI US 1500 Small-Mid ETF by 2.5% in the 1st quarter. Arbor Investment Advisors LLC now owns 803,591 shares of the company’s stock valued at $36,861,000 after purchasing an additional 19,510 shares in the last quarter.

About Invesco RAFI US 1500 Small-Mid ETF

The Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) is an exchange-traded fund that is based on the FTSE RAFI US 1500 index. The fund tracks a fundamentally-weighted index of 1,500 small- and mid-cap companies in the US that are selected using fundamental metrics. PRFZ was launched on Sep 20, 2006 and is managed by Invesco.